New York, Oct. 16.
The cotton market opened barely steady on easier Liverpool cables and liquidation, but later rallied on trade buying and shorts covering. Quotations closed firm, ranging from 4 to 5 points up from Saturday's final levels, A slightly lower opening was wit-Inessed in the market for raw rubber futures, owing to easier London cables, However, when steadier cables arrived later, quotations rallied. Subsequently, the advance was accelerated by foreign orders and improvement in speculative interest. At the lest call, over, gains from 2 to 18 points were registered.
Wheat prices in the Chicago Grain Pit finished the day's session substantially higher, due to speculative buying and reports of continued dry weather in drought stricken areas. The cash position was favourable, At the final bell, gains from % to 1% cents were recorded, New York Cotton New York Rubbet Oct, 919-20 +05 Dec. 889-89 +05 Jan. 878 N +04 Mar. 869-69 +05 May 850-50 405 July 831-31 405 July (New)
85i N 405
Dec. 1966-66 +11 Mar. 1845-46 +02 May 1832-32 +07 July 1822 N +2
N. Y. Sugar No. 4
New York Silk Mar. 181-81% unc.
May 18134-82 unc. Dec. 304-0434 Hie Chicago Corn Dec. 8414-8414 +116 Dec. 49%-49% unc. May 6314-83% +1 May 52%4-594
Text read from the printed page and cleaned; old type leaves the occasional error.